Transfer Group shares climbed in early trading after the company confirmed that its wholly-owned subsidiary, Amigo Defence, has secured a formal contract award from the Kuwaiti Ministry of Defence.
The deal involves the supply of defence and protective equipment to the Gulf state.
2 million. While the absolute size of the contract is modest relative to Transfer Group's total revenue, the win signals successful expansion into the defence logistics sector for the subsidiary.
According to reports from Nyhetsbyrån Direkt, the order value is approximately 3.2 million.
While the absolute size of the contract is modest relative to Transfer Group's total revenue, the win signals successful expansion into the defence logistics sector for the subsidiary.
The positive reception by investors highlights the market's appetite for diversification in the logistics and defence supply chain.
Transfer Group has been actively positioning its subsidiaries to capture opportunities in high-security logistics and protective services, moving beyond traditional freight forwarding.